Council Approves Adding $4.3 Million to FY23 Budget, Plans to Spend Most of Funds

Watertown City Hall

Watertown’s Fiscal Year 2023 budget increased by $4.325 million when the City Council approved the budget amendment on Nov. 9. Most of the additional funds will go to help purchase the former Parker School or will go into the High School project stabilization fund. City Manager George Proakis gave the details of the budget amendment for the fiscal year that ends on June 30, 2023. The additional fund mostly come from accounts that came in higher than when the budget was approved last spring, Proakis said.

City Manager Commits to Building a New High School Without Sacrificing Education or Green Features

Ai3 ArchitectsA rendering of the main entrance to Watertown High School from Columbia Street. Watertown has plans to build a new high school which will create enough energy to cover the amount needed to operate the building, be equipped with state of the art equipment and technology, and will educate students for decades to come. Even facing climbing construction costs, City Manager George Proakis vowed that the new school will be built.

Watertown will get a significant portion of the new high school reimbursed —  $44.2 million — by the State through the Massachusetts School Building Authority (MSBA). The cost of the project approved by the state was $138.6 million, but since the approval in March the cost of construction has escalated. In July, the School Building Committee approved “value engineering” steps to use less costly materials and reduce the scope of the project to keep it on budget.